Dan on Nostr: The natural financial state of the world is deflationary. In other words, unless ...
The natural financial state of the world is deflationary. In other words, unless theft is taking place, prices should always be coming down. Prices naturally come down because of human innovation, competition, inventiveness.
200 years ago, a farmer could farm an acre or two. Now, a farmer can farm 1000 acres. A baker could bake 100 loafs of bread. Now it is 1000s.
Similar examples can be made in all industries from mining to textiles. Even housing can and should be much cheaper. Some real-estate-land in very scarce locations will be the exception because it is a true scarce asset, but, future houses themselves will factory built, efficiently.
The only thing in the way of wonderful world of ever dropping prices and ever increasing quality has been corruption of money. Bitcoin fixes the money and leads us to a world of better value for one time.
200 years ago, a farmer could farm an acre or two. Now, a farmer can farm 1000 acres. A baker could bake 100 loafs of bread. Now it is 1000s.
Similar examples can be made in all industries from mining to textiles. Even housing can and should be much cheaper. Some real-estate-land in very scarce locations will be the exception because it is a true scarce asset, but, future houses themselves will factory built, efficiently.
The only thing in the way of wonderful world of ever dropping prices and ever increasing quality has been corruption of money. Bitcoin fixes the money and leads us to a world of better value for one time.